Common use of Renewal of obligatory insurances Clause in Contracts

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents’ approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeFacility Agent’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 15 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 5 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner such Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 15 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 five (5) days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents' approval to the matters referred to in sub-paragraph (i) of paragraph (a) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Facility Agent's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Majority Lenders’ approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a)insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above; (b) at least 14 7 days before the expiry of any obligatory insuranceinsurance effected by it, renew the insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance affected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insuranceinsurance affected by it, renew the insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner Guarantor shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance relating to the Ship owned by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Guarantor proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance relating to the Ship owned by it, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents’ approval to the matters referred to in paragraph (a) (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeFacility Agent’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents’ approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeFacility Agent’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Majority Lenders’ approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Majority Lenders’ approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shallOwner: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify notifies the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and (ii) in case of any substantial change in insurance cover, obtain seeks the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the renews that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure procures that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 10 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Majority Lenders’ approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Majority Lenders’ approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 10 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a)insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom which that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents' approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Facility Agent's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the relevant Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Xxxxxxxx proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Agent of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeAgent’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security TrusteeAgent’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and each conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other the insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security TrusteeLender’s approval to the matters referred to in paragraph (i) abovewhich shall be given within 5 Business Days of the Owner’s notice; (b) at least 14 7 days before the expiry of any obligatory insuranceinsurance effected by it, renew the insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner Borrowers shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes the Borrowers propose to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) abovesuch approval not to be unreasonably withheld; (b) at least 14 7 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) use its best endeavours to procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance affected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure ensure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by each Owner: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other the insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents’ approval to the matters referred to in sub-paragraph (i) of paragraph (a) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeFacility Agent’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower or the relevant Security Party proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance or contract for such insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance or contract for such insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall or shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 30 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 five (5) days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 five (5) days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days 14 Business Days before the expiry of any obligatory insurance: (i) insurance relating to the Ship owned by it notify the Security Trustee Agent, for approval by the Agent prior to the date referred to in (b) below, of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days 2 Business Days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeAgent’s approval given following the notification provided pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall (and to the extent applicable shall procure in all cases that each Owner shall:other Security Party or other entity if named as co-assured in the insurance policies will): (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial material change in insurance cover, obtain the Security Trustee’s Majority Lenders' approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a)insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after before the renewal expiry of the current insurances notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i1) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner of a Mortgaged Ship shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the relevant Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph paragraph (a); ) and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and each conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: 35 (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner It shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other the insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) abovewhich shall be given within 5 Business Days of the Owner’s notice; (b) at least 14 7 days before the expiry of any obligatory insuranceinsurance effected by it, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 seven days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 seven days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) use its best endeavours to procure that the approved brokers and/or insurers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall, and shall procure that each the Collateral Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that such Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 15 days before the expiry of any obligatory insurance: insurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 10 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 10 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents’ approval to the matters referred to in sub-paragraph (i) of paragraph (a) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeFacility Agent’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shallCorporate Guarantor will: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Corporate Guarantor proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and and (ii) in case of any substantial change in insurance cover, obtain seek the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: insurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner It shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents' approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Facility Agent's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 15 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 5 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 15 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the relevant Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 10 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shallCorporate Guarantor will: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Corporate Guarantor proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner of a Mortgaged Ship shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the relevant Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shallendeavour to: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents’ approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeFacility Agent’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance that obligatoryinsurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and each conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the relevant Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 7 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Xxxxxxxx proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 7 days (in respect of war risks cover) and 14 days before (in respect of the other obligatory insurances)before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 15 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 10 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Xxxxxx in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner in relation to the Ship owned by it shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 10 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents' approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Facility Agent's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each the Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) use its best endeavours to procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Bxxxxxxx proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days (or such other period as the Borrower and the Security Trustee may agree) before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower or the relevant Security Party proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeAgent’s approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph provisions of Clause 23 (aInsurance Undertakings); and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall, and shall procure that each the Collateral Owner shall: (a) at least 21 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that such Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security TrusteeLender’s approval to the matters referred to in paragraph (i) above; (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security TrusteeLender’s approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 5 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee Facility Agent of the brokers Approved Brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner which it proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s Facility Agents' approval to the matters referred to in sub-paragraph (i) above; (b) at least 14 3 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Facility Agent's approval pursuant to paragraph (a)) above; and (c) procure that the approved brokers Approved Brokers and/or the approved war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Facility Agent in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 7 days (in respect of war risks cover) and 14 days (in respect of the other obligatory insurances) before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Security Trustee’s 's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insuranceinsurance effected by it, renew the that obligatory insurance in accordance with the Security Trustee’s 's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Borrower shall procure that each Owner shall: (a) at least 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Owner the Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance coverthe obligatory insurance, obtain the Security Trustee’s Lender's approval to the matters referred to in paragraph (i) above); (b) at least 14 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s Lender's approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. The Each Borrower shall procure that each Owner shall: (a) at least 21 7 days before the expiry of any obligatory insuranceinsurance effected by it: (i) notify the Security Trustee of the brokers (or other insurers) brokers, underwriters, insurance companies and any protection and indemnity or war risks association through or with whom that Owner Borrower proposes to renew that obligatory insurance and of the proposed terms and conditions of renewal; and (ii) in case of any substantial change in insurance cover, obtain seek the Security Trustee’s approval to the matters referred to in paragraph (i) above); (b) at least 14 3 days before the expiry of any obligatory insurance, renew the that obligatory insurance in accordance with the Security Trustee’s approval pursuant to paragraph (a); and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.